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The new treatment for Alzheimer’s disease has been approved by the regulators of USA nearly after 20 years. This approval will trigger pressure to make it available worldwide despite of its mixed evidence over its efficacy. Aducanumab targets the Underlying cause of Alzheimer’s, the most common form of dementia. Food and Drug Administration (FDA) of […]
The American multinational Carlyle Group buys UK pharmaceuticals Vectura Group for £958 million. Around 136 pence in cash plus a dividend of 19 pence for each share under the terms of the offer representing a 32% premium on the ex-dividend closing price of the stock. The chairman of Vectura group Bruno Angelici said: “Vectura has […]
The United Arab Emirates (UAE) and Bahrain to offer Sinopharm vaccine shots to residents which is developed by China. These booster shots which is given to the residents and citizens had two doses, stated by the countries medical authorities. The announcements come after the questions raised over Sinopharm’s reports of the pandemic Covid-19 and efficacy […]
The Biotech company Ginkgo Bioworks merges with Harry Sloan in $17.5 billion deal SPAC deal, the firm found by Harry Sloan is Soaring Eagle Acquisition Corp. Boston based Ginkgo Bioworks is also backed by Bill Gates private investment firm Cascade Investment. The company also received $1.1 billion loan from the U.S. Government for COVID-19 testing […]
The American multinational pharmaceutical corporation Pfizer and German biotechnology company BioNTECH to donate doses of the companies’ COVID-19 Vaccine to help vaccinate athletes and their delegations participating in 2020 Tokyo Games, which is scheduled to begin on July 2021. Both the companies have signed Memorandum of Understanding (MoU) with the International Olympic Committee (IOC) to […]
The British-Swedish multinational pharmaceutical and biotechnology company, AstraZeneca, has made a staggering $275 million in revenue in first quarter from its Covid-19 vaccine. The revenue from Covid-19 Vaccine came by delivering 68 million doses Worldwide, Sales in Europe were $224 million, market sales were $43 million, and $8 million in the rest of the world. […]
The South Korean biotechnology company, Samsung Biologics and commercial stage biopharmaceutical company, TG Therapeutics said that it has expanded a large-scale contract manufacturing deal for the supply of TG Therapeutics’ ublituximab. The company Samsung Biologics said it is currently building its fourth and largest biomanufacturing facility in Incheon, Korea. The biopharmaceutical company, TG Therapeutics has […]
The biotechnology company RubrYc Therapeutics partners with commercial stage biopharmaceutical company Zai Lab for research collaboration and license option agreement. This collaboration will allow RubrYc’s Meso-scale Engineered Molecules (MEMs) platform, to identify monoclonal antibodies with enhanced biological function for an undisclosed oncology target. Under the terms of the agreement RubrYc and Zai Labs will collaborate […]
The European Medicines Agency (EMA) of the European Union has approved single shot Johnson & Johnson COVID-19 Vaccine, as it met the safety and quality criteria for people in the age group of 18 years and above in the European Union. Around 200 million doses of Johnson and Johnson vaccine has been ordered by European […]
Roche, The Swiss multinational healthcare company produces arthritis drug named tocilizumab which cuts the risk of death among patients hospitalised with severe COVID-19 , It also shortens the recovery time and reduces the need for mechanical ventilation. Since March 2020 there has been a range of potential treatments for COVID-19, which could possibly clear up […]
Haven, The Joint Venture created by Amazon, JP Morgan Chase and Berkshire Hathway to lower health care costs for their US employees will be dissolved exactly three years after its formation. On January 2018, Berkshire Hathaway’s Warren Buffet, Amazon’s Jeff Bezos and the investment banking giant JP Morgan Chase announced the plan to create a […]
According to United Nations, COVID-19 pandemic is pushing the number of people in need of humanitarian assistance to unprecedented levels and in one year the ranks of extreme poverty has increased dramatically. In its Global Humanitarian overview 2021 the United Nations said one in 33 people will need aid to meet basic needs like water, […]
